JAKARTA, Oct 19 (Bernama) -- CIMB Treasury and Market Research expects Bank Indonesia (BI) to raise its benchmark interest rate this week, bringing forward its previous December forecast amid mounting pressure on the rupiah and the risk of further capital outflows following MSCI’s proposed reclassification of Indonesia’s equity market.
Business : CIMB Expects Bank Indonesia To Raise Rates This Week
Indonesia, IHSG, Rupiah, CIMB, BI-rate
BE Bernama 
Key takeaways
CIMB expects Bank Indonesia to raise rates this week due to rupiah pressure and capital outflows risks.
- CIMB forecasts a 25-basis-point rate hike on Oct 21 amid rupiah weakness.
- MSCI's reclassification proposal may trigger $2-3 billion in equity outflows.
- Market turmoil and global conditions could lead to further rate hikes by 2026.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Read the full story on Bernama That's the opening of the story. The full piece is published by Bernama.
Continue reading ↗ Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
Related reporting
2 stories on this topic from 2 sources, oldest first.
- Bernama Business : CIMB Expects Bank Indonesia To Raise Rates This Week (this story)
%2Ffile%2Fattachments%2Forphans%2FUmmiUmairahBakhit12_333164.png&w=480&output=webp&q=85&we)
